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Palantir CEO Alex Karp to Back Defense Startup Founded by Ex-Ukraine Defense Minister

Palantir CEO Alex Karp is set to become the first major investor in a defense-tech venture proposed by Ukraine's former defense minister, focusing on battlefield robotics, drones, and AI-guided missiles.

AI News Feed · 2026-09-02 10:11

Fedorov was dismissed by President Volodymyr Zelenskyy in July. His proposed company would focus early on promoting battlefield robotics, expanding production of jet-powered interceptor drones, and investing in inexpensive artificial intelligence-guided missiles, Bloomberg reported.

Karp’s involvement marks an early vote of confidence in the venture, which is being formed as Ukraine continues to battle invading Russian forces. Bloomberg’s report did not specify the size of Karp’s investment or a timeline for the fund’s launch.

The former minister’s plans remain in their early stages. No further details about the fund’s structure, other potential investors, or operational targets have been made public. The report attributed the information to a Tuesday announcement, without identifying the forum or channel where the announcement was made.